CEXs and DEXs offer distinct ways to trade cryptocurrencies. Centralized exchanges (CEXs) function like traditional brokerages, providing user-friendly interfaces and custodial services, meaning they hold your private keys. This offers convenience but entails counterparty risk. Decentralized exchanges (DEXs) operate on blockchain networks, enabling peer-to-peer trading without intermediaries. Users retain control of their funds via non-custodial wallets, enhancing security and privacy. However, DEXs can have steeper learning curves and may experience lower liquidity compared to major CEXs. Choosing between them depends on individual priorities regarding ease of use, security, and control. #CEXvsDEX101